US stocks declined on Tuesday as investors await crucial inflation data and the Federal Reserve’s policy decision. The consumer price index (CPI) report for May and the conclusion of the Fed’s two-day policy meeting will be announced on Wednesday. As of 10:01 a.m. Eastern, the Dow Jones Industrial Average fell […]
Jerome Powell
The spotlight on Wall Street in the week ahead will be on the US Federal Reserve’s June monetary policy decisions along with consumer inflation data and economic projections. The US central bank is widely expected to hold interest rates steady. Stronger-than-expected jobs data for May released on Friday has fuelled […]
US stock indices were mixed after opening higher on Wednesday amid hopes for an earlier-than-expected cut in interest rates by the Federal Reserve. At 12:20 p.m. ET, the Dow Jones Industrial Average was down 4.89 points, or 0.01 per cent, at 38,706.40, the S&P 500 was up 35.69 points, or […]
US stock indices gained on Monday, lifted by chip and megacap stocks. At the opening bell, the Dow Jones Industrial Average rose 23.67 points, or 0.06%, to 38,709.99. The S&P 500 was higher by 19.64 points, or 0.37%, at 5,297.15, while the Nasdaq Composite gained 130.69 points, or 0.78%, to […]
On Wall Street in the week ahead, spotlight will be on the jobs data for May, among other economic reports. The jobs data holds significance as it will be the last economic report before the Federal Reserve’s upcoming monetary policy meet on June 11-12. Investors are hoping for a interest […]
US stocks slid on Thursday after the revised data showed the US economy grew less than previously expected in the first quarter. US gross domestic product (GDP) growth for the first quarter was lowered to 1.3 per cent from previous estimate of 1.6 per cent. At 12:04 p.m. the Dow […]
US stock indices edged lower on Wednesday, as concerns around the timing and scale of the Federal Reserve’s interest rate cuts pushed Treasury yields higher. Treasury yields rose to near four-week highs after unexpectedly strong consumer confidence data. The 10-year yield rose to 4.58 per cent from 4.54 per cent […]
US stock indices were mixed on Tuesday as investors are awaiting the US Federal Reserve’s preferred inflation data later in the week. The US core Personal Consumption Expenditures (PCE) price index report for April is due on Friday. At 10:14 a.m. ET, the Dow Jones Industrial Average was down 135.40 […]
In the holiday-shortened week ahead on Wall Street, focus of investors will be on the US Federal Reserve’s preferred inflation gauge – the core personal consumption expenditure (PCE) price index, and few major earnings that include Dell, Best Buy, and Costco. The core PCE data has the potential to influence […]
US stocks edged higher on Thursday, driven by strong gains in chip stocks after Nvidia’s upbeat earnings. Nvidia shares rallied 9% on Thursday as its bumper revenue forecast boosred investor confidence in the AI-driven boom in chip demand. ALSO READ: Nvidia profits soar over 600%, revenues above 200% as shares top […]